A quick look at Montana's shifting housing trends.

Montana’s housing market is shifting. And, if you plan to buy or sell this year, you’ll want to know what’s happening. Every year, after all eight MLS regions submit their year-end data, the Montana Association of Realtors compiles the full report. I’ve gone through the numbers, and here’s what they show across the state.

Butte-Anaconda market sees solid growth. Single-family home sales jumped 25% in Butte and Anaconda, and prices increased by 2.5%. That’s a sign of steady demand in the area. Condo and townhome activity was too limited to draw strong conclusions, but the single-family segment is moving.

Great Falls continues to trend upward. Home sales rose 3%, with the median price climbing 7% to $332,000. Condo transactions were boosted by 28%, and townhome prices increased by 12%, even though total sales dipped slightly. The days on the market increased, suggesting fewer homes are available.

Billings shows signs of slowing down. In Billings, single-family home sales dropped 24%, while the average price rose to $383,000. With fewer listings on the market, prices are holding strong. Condos and townhomes followed a similar trend: fewer sales, modest price increases, and longer days on the market.

Understanding your local market is key whether you're buying your first home, investing, or planning to sell.

Helena stays steady. The capital city saw little change in home sales or pricing. However, condo sales were up 22%, and townhome activity increased. These shifts reflect a growing interest in more affordable or low-maintenance living options. Prices and market timing remained stable overall.

Missoula remains one of the priciest. Its median home price now stands at $605,000. The market held steady in sales and pricing, but one notable shift was in the condo market. The days on the market dropped by half, signaling rising demand. Townhomes also saw an increase in sales, even though prices dipped slightly.

Bitterroot Valley keeps gaining attention. As a growing bedroom community in Missoula, the Bitterroot Valley held steady in home sales and pricing. Condo transactions doubled, although they’re still a tiny portion of the market. Townhome prices declined, but activity increased, likely due to more inventory and buyer competition.

Flathead Valley sees rising sales. The median home price has climbed to $680,000. Sales rose 5%, with over a thousand homes sold. Townhome transactions increased by 20%, but prices dropped by the same percentage. This may reflect more competition or price adjustments. Days on the market stayed consistent.

Bozeman leads with the hottest market. Bozeman and the surrounding Gallatin Valley remain Montana’s most competitive markets. Median home prices hit $810,000, and homes are selling fast, just 25 days on average. Townhome sales and prices rose 15%, showing continued demand despite high prices.

Montana’s market is moving, and every region tells a different story. Understanding your local market is key whether you’re buying your first home, investing, or planning to sell.

If you’re thinking about buying or selling or want to understand what today’s numbers mean for your future, you can reach me at 406-837-5531 or email me at ScottHollingerMT@gmail.com. I’d be happy to help!